Fed chair Kevin Warsh has a new inflation nightmare
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Statements from three officials show inflation fears are giving them cold feet about any more rate cuts Kevin Warsh, President Donald Trump's nominee for Federal Reserve Chair, departs after his testimony before the Senate last week. Three dissenters from ...
Not even Wall Street saw this as a possibility three months ago.
The sharpest economic decline in American history, the highest inflation in more than 40 years, aggressive political attacks from the White House, and the worst-ever global energy shock.
Higher inflation expectations could keep prices elevated despite a ceasefire, complicating the Fed’s path back to its 2% target.
PCE price index climbed 3.5% in past 12 months Rising gas prices are boosting overall U.S. inflation in a blow to American families. A key measure of inflation used by the Federal Reserve to set interest rates posted the biggest increase in March in almost ...